Andhra CM Releases Rs 560 cr Under ‘Jagananna Thodu’ Scheme, 5.10 Lakh Small Traders Get Benefit
The government has so far spent Rs 2955.79 crore under the scheme which includes Rs 74.69 crore paid towards interest. (Photo: News18)
The CM said petty traders, who have been repaying the loans promptly and taking repeat loans, can get an annual increment of Rs 1000 on the loan amount of Rs 10,000
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday released Rs 560.73 crore under the “Jagananna Thodu” scheme benefiting 5,10,412 small and marginal street vendors and artisans with interest-free bank loans.
The amount, released towards the first tranche for the fourth consecutive year, includes interest-free bank loans amounting to Rs 549.70 crore with the balance of Rs 11.03 crore being paid towards interest subvention. It would be directly credited into their bank accounts. The beneficiaries also include 4,54,000 petty traders who have availed repeat loans.
Releasing the amount virtually at the Camp Office in Amaravati, the Chief Minister said that Andhra Pradesh is the only State which has been implementing the scheme to help lakhs of traders and artisans. The number of loan beneficiaries is higher in the State than in the rest of the country, he remarked.
The petty traders, who have been repaying the loans promptly and taking repeat loans, can get an annual increment of Rs 1000 on the loan amount of Rs 10,000 and can avail a maximum loan of Rs 13,000 under the scheme, he said.
Designed to help petty traders and traditional artisans who depend on loan sharks for daily working capital, the scheme has so far benefitted 15,87,492 petty traders and artisans including 13,29,011 beneficiaries who have taken loans multiple times.
The government has so far spent Rs 2955.79 crore under the scheme which includes Rs 74.69 crore paid towards interest.
The Chief Minister observed that petty traders are also rendering great social service to people and helping others by selling vegetables, fruits and food products in push carts, baskets, on motorcycles and auto rickshaws on streets.
Artisans who work on brass items and make Bobbili Veena, Kondapally and Etikoppaka toys, Kalankari and lace items and puppets have also been receiving loans under the scheme, he said.
“I had seen their troubles during my padayatra and the idea to launch the scheme was born to save them from loan sharks. The interesting part of it is that 80 per cent of the beneficiaries are women and again, the majority of them belong to SCs, STs, BCs and Minorities,” he said.
Petty traders and artisans, who have not yet availed the scheme so far, can enrol in the scheme by calling the toll-free number 1902 or approaching volunteers and village and ward secretariat staff, he said.
He thanked the bankers, MEPMA officials and village and ward secretariats for running the scheme successfully.
For more news from the world of Bollywood, digital and television, stay tuned
- The Compact Mouse that's built for You: The Lenovo 150 Wireless Compact Mouse, designed with your convenience in mind. It’s easy to get more done when you don’t have to waste time untangling messy cables or searching the office for new batteries. Its compact size makes it the perfect companion no matter what the occasion. Slide it into your pocket, backpack or laptop bag, and you’re ready to go
- No more distractions: With a 2.4 GHz Nano USB receiver and up to 10 months battery life, your work will never be interrupted again
- Accuracy is everything: Seamlessly glide between tasks with in-built 1000 DPI optical sensor navigation. Act quickly and accurately with the intuitive scroll wheel and thoughtfully placed buttons
- 【110lb Capacity】110lb/50kg capacity digital luggage scale precisely weighs suitcases, bags and backpacks. The electronic scale has an automatic hold function, so you can know the weight of your luggage within a few seconds.
- 【With Blue Backlit】With blue backlit on the top of the light weight hanging scale, you can easily lift the luggage up and look down to read the accurate value, which takes you less strength.
- 【Easy to Use】The luggage weight scale with buckle webbing is easy to use. Just connect the attached strap to the device, clip the strap to the handle of the bag, and lift it up, it's that simple.
- Dimensions: The Size of the cable storage travel case: 7.5" x 4.3" x 2.2". Compact size and lightweight make it easy to carry and put into your backpack, handbags or laptop bag without taking much space. Suitable for family use and daily organization.
- Quality Material: This electronic organizer travel case made of high quality durable waterproof oxford and soft sponge inside to secure your gadgets in place and deliver a quick access whenever you want, a perfect case protects your electronics accessories.
- Double Layers Design: The electronics storage bag has 2 layers interior compartment with enough space to take in your cords, cables, USB drive, cellphone, charger, mouse, flash drive, and other accessories.
Source link
